Monday, December 31, 2007

Don't Mess With Today's Kids

After having failed his exam in "Logic and Law", a student goes and confronts his lecturer about it.

Student: "Sir, do you really understand anything about the subject?"

Professor: "Surely I must. Otherwise I would not be a professor!"

Student: "Great, well then I would like to ask you a question. If you can give me the correct answer, I will accept my mark as is and go. If you however do not know the answer, I want you give me an "A" for the exam. "

Professor: "Okay, it's a deal. So what is the question?"

Student: "What is legal, but not logical, logical, but not legal, and neither logical, nor legal?"

Even after some long and hard consideration, the professor cannot give the student an answer, and therefore changes his exam mark into an
"A", as agreed. After wards, the professor calls on his best student and asks him the same question.

He immediately answers: "Sir, you are 63 years old and married to a 35 year old woman, which is legal, but not logical. Your wife has a 25 year old lover, which is logical, but not legal. The fact that you have given your wife's lover an "A", although he really should have failed, is neither legal, nor logical."

LESSON:
YOU NEED TO BE STREET SMART, READING DOES NOT MAKE MEN WISE, KNOWLEDGE AND ITS APPLICATION DOES

Management Lessons from Fables

STORY 1

It's a fine sunny day in the forest and a lion is sitting outside his cave, lying lazily in the sun. Along comes a fox, out on a walk.

Fox: "Do you know the time, because my watch is broken"
Lion: "Oh, I can easily fix the watch for you"

Fox: "Hmm... But it's a very complicated mechanism, and your big claws will only destroy it even more."
Lion: "Oh no, give it to me, and it will be fixed"

Fox: "That's ridiculous! Any fool knows that lazy lions with great claws cannot fix complicated watches"
Lion: "Sure they do, give it to me and it will be fixed"

The lion disappears into his cave, and after a while he comes back with the watch that is running perfectly. The fox is impressed, and the lion continues to lie lazily in the sun, looking very pleased with himself.

Soon a wolf comes along and stops to watch the lazy lion in the sun.

Wolf: "Can I come and watch TV tonight with you, because mine is broken"
Lion: "Oh, I can easily fix your TV for you"

Wolf: "You don't expect me to believe such rubbish, do you? There is no way that a lazy lion with big claws can fix a complicated TV.
Lion: "No problem. Do you want to try it?"

The lion goes into his cave, and after a while comes back with a perfectly fixed TV.
The wolf goes away happily and amazed.

Scene:
Inside the lion's cave. In one corner are half a dozen small and intelligent looking rabbits that are busily doing very complicated work with very detailed instruments. In the other corner lies a huge lion looking very pleased with himself.

Moral:
IF YOU WANT TO KNOW WHY A MANAGER IS FAMOUS; LOOK AT THE WORK OF HIS SUBORDINATES

Management Lesson in the context of the working world:
IF YOU WANT TO KNOW WHY SOMEONE UNDESERVED IS PROMOTED; LOOK AT THE WORK OF HIS SUBORDINATES


STORY 2

It's a fine sunny day in the forest and a rabbit is sitting outside his burrow, tippy-tapping on his typewriter. Along comes a fox, out for a walk.

Fox: "What are you working on?"
Rabbit: "My thesis."

Fox: "Hmm... What is it about?"
Rabbit: "Oh, I'm writing about how rabbits eat foxes."

Fox: "That's ridiculous! Any fool knows that rabbits don't eat foxes!
Rabbit: "Come with me and I'll show you!"

They both disappear into the rabbit's burrow. After few minutes, gnawing on a fox bone, the rabbit returns to his typewriter and resumes typing.

Soon a wolf comes along and stops to watch the hardworking rabbit.

Wolf: "What's that you are writing?"
Rabbit: "I'm doing a thesis on how rabbits eat wolves."

Wolf: "You don't expect to get such rubbish published, do you?"
Rabbit: "No problem. Do you want to see why?"

The rabbit and the wolf go into the burrow and again the rabbit returns by himself, after a few minutes, and goes back to typing. Finally a bear comes along and asks, "What are you doing?


Rabbit: "I'm doing a thesis on how rabbits eat bears."
Bear: "Well that's absurd!"

Rabbit: "Come into my home and I'll show you"

Scene:
As they enter the burrow, the rabbit introduces the bear to the lion.

Moral:
IT DOESN'T MATTER HOW SILLY YOUR THESIS TOPIC IS; WHAT MATTERS IS WHOM YOU HAVE AS A SUPERVISOR.

Management Lesson in the context of the working world:
IT DOESN'T MATTER HOW BAD YOUR PERFORMANCE IS; WHAT MATTERS IS WHETHER YOUR BOSS LIKES YOU OR NOT

Sunday, December 30, 2007

Hare and Tortoise Fable (Revised)

Once upon a time a tortoise and a hare had an argument about who was faster.

They decided to settle the argument with a race. They agreed on a route and started off the race.

The hare shot ahead and ran briskly for some time. Then seeing that he was far ahead of the tortoise, he thought he'd sit under a tree for some time and relax before continuing the race.

He sat under the tree and soon fell asleep.

The tortoise plodding on overtook him and soon finished the race, emerging as the undisputed champ.

The hare woke up and realized that he'd lost the race.

The moral of the story:

“Slow and steady wins the race.”

This is the version of the story that we've all grown up with. But then recently, someone told me a more interesting version of this story.

It continues…………

The hare was disappointed at losing the race and he did some Defect Prevention (Root Cause Analysis).

He realized that he'd lost the race only because he had been overconfident, careless and lax. If he had not taken things for granted, there's no way the tortoise could have beaten him.

So he challenged the tortoise to another race. The tortoise agreed.

This time, the hare went all out and ran without stopping from start to finish.

He won by several miles.

The moral of the story:

“ Fast and Consistent will always Beat the Slow and Steady.”

If you have two people in your organization; one Slow, Methodical and Reliable, and the other Fast and still Reliable at what he does.

The Fast and Reliable chap will Consistently Climb the organizational ladder Faster than the Slow, Methodical chap.

It's good to be Slow and Steady; but it’s better to be Fast and Reliable.

But the story doesn't end here.

The tortoise did some thinking this time, and realized that there's no way he can beat the hare in a race the way it was currently formatted. He thought for a while, and then challenged the hare to another race, but on a slightly different route.

The hare agreed.

They started off. In keeping with his Self-made Commitment to be Consistently Fast, the hare took off and ran at top speed until he came to a broad river. The finishing line was a couple of kilometers on the other side of the river.

The hare sat there wondering what to do.

In the meantime, the tortoise trundled along, got into the river, swam to the opposite bank, continued walking and finished the race.

The moral of the story:

“ First identify your core competency and then change the playing field to suit your core competency “

In an organization, if you are a good speaker, make sure you create opportunities to give Presentations that enable the senior management to notice YOU.

If your strength is Analysis, make sure you do some sort of Research, make a report and send it upstairs.

Working to your Strengths will not only get you noticed but will also Create Opportunities for Growth and Advancement.

The story still hasn't ended………

The hare and the tortoise, by this time, had become pretty good friends and they did some thinking together.

Both realized that the last race could have been run much better.

So they decided to do the last race again, but to run as a team this time. They started off, and this time the hare carried the tortoise till the riverbank.

There, the tortoise took over and swam across with the hare on his back.

On the opposite bank, the hare again carried the tortoise and they reached the finishing line together.

They both felt a greater sense of satisfaction than they'd felt earlier.

The moral of the story:

"It's good to be Individually Brilliant and to have strong Core Competencies; but unless you're able to Work in a Team and Harness each other's Core Competencies, you'll always Perform below par because there will always be situations at which you'll do poorly and someone else does well.”

Teamwork is mainly about Situational Leadership, letting the person with the relevant Core Competency for a situation take leadership.

There are more lessons to be learnt from this story………

Note that neither the hare nor the tortoise gave up after Failures.

The hare decided to work Harder and put in More Effort after his Failure. The tortoise changed his Strategy because he was already Working as Hard as he could.

In life, when faced with Failure, sometimes it is appropriate to Work Harder and put in More Effort. Sometimes it is appropriate to Change Strategy and Try something different. And sometimes it is appropriate to do both.

The hare and the tortoise also learnt another vital Lesson:

“ When we stop Competing against a rival and instead start Competing against the Situation, we Perform far Better.”

Real case study:


When Roberto Goizueta took over as CEO of Coca-Cola in the 1980s, he was faced with intense competition from Pepsi that was eating into Coke's growth.

His executives were Pepsi-focused and intent on increasing market share 0.1 per cent a time. Goizueta decided to stop competing against Pepsi and instead compete against the situation of 0.1 per cent growth.

He asked his executives what was the average fluid intake of an American per day?

The answer was: 14 ounces.

What was Coke's share of that?

The answer was: 2 ounces.

Goizueta said Coke needed a larger share of that market.

The competition wasn't Pepsi. It was the water, tea, coffee, milk and fruit juices that went into the remaining 12 ounces.

The public should reach for a Coke whenever they felt like drinking something. To this end, Coke put up vending machines at every street corner.

Sales took a quantum jump and Pepsi has never quite caught up since.

To sum up, the story of the hare and tortoise teaches us many things; Chief among them is:

1. Fast and Consistent will always beat slow and steady.

2. Work to your Competencies.

3. Pooling resources and working as a team will always beat individual performers.

4. Never give up when faced with failure; and finally,

5. Compete against the situation NOT against a rival.


Saturday, December 29, 2007

The Stock Market


Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for Rs10. The villagers seeing that there were many monkeys around, went out to the forest and started catching them. The man bought thousands at Rs10 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at Rs20. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms. The offer rate increased to Rs25 and the supply of monkeys became so little that it was an effort to even see a monkey let alone catch it.


The man now announced that he would buy monkeys at Rs50! However, since he had to go to the city on some business, his assistant would now buy on behalf of him. In the absence of the man, the assistant told the villagers. Look at all these monkeys in the big cage that the man has collected. I will sell them to you at Rs35 and when the man returns from the city, you can sell it to him for Rs50." The villagers squeezed up with all their savings to buy the monkeys. Then they never saw the man nor his assistant, only monkeys everywhere!! !! -

Welcome to the Market!!!!!

Friday, December 28, 2007

Positioning


Ahmed and Hamid are both beggars at several motorway services in UK. Ahmed drives a Mercedes, lives in a mortgage free house and has a lot of money to spend . whereas Hamid only brings in 2 to 3 pounds a day and still very poor.

Hamid asks Ahmed how he manages to bring home a suitcase full of £10 notes every day.

Ahmed says, "Look at your sign - It says, 'I have no work, a wife and six kids to support.' Britons who see that, do not feel as if they have accomplished anything by giving you money. You will still have no job and a large family. Now look at my sign."

So Hamid looks and Ahmed's sign reads, 'I only need another £10 to move back to Pakistan.'

LESSON:

Position you product such that customer feels happy in buying it.

Thursday, December 27, 2007

Management Lesson



One fine day, a bus driver went to the bus garage, started his bus, and drove off along the route. No problems for the first few stops - a few people got on, a few got off, and things went generally well.

At the next stop, however, a big hulk of a guy got on. Six feet eight,built like a wrestler, arms hanging down to the ground. He glared at the driver and said, "Big John doesn't pay!" and sat down at the back.

Did I mention that the driver was five feet three, thin, and basically meek? Well, he was. Naturally, he didn't argue with Big John, but he wasn't happy about it. The next day the same thing happened - Big John got on again, made a show of refusing to pay, and sat down. And the next day, and the next.

This grated on the bus driver, who started losing sleep over the way Big John was taking advantage of him. Finally he could stand it no longer. He signed up for body building courses, karate, judo, and all that good stuff.

By the end of the summer, he had become quite strong; what's more, he felt really good about himself. So on the next Monday, when Big John once again got on the bus and said, "Big John doesn't pay!"

The driver stood up, glared back at the passenger, and screamed, "And why not? "

With a surprised look on his face, Big John replied, "Big John has a bus pass ."

Management Lesson:

"Be sure there is a problem in the first place before working hard to solve one."